Harvest Fund Management Co. Ltd Acquires 18,960 Shares of UWM Holdings Co. (NYSE:UWMC)

Harvest Fund Management Co. Ltd boosted its holdings in UWM Holdings Co. (NYSE:UWMC) by 2,083.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,870 shares of the company’s stock after acquiring an additional 18,960 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in UWM were worth $142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UWMC. Arkadios Wealth Advisors bought a new position in shares of UWM during the 3rd quarter valued at $141,000. Newbridge Financial Services Group Inc. grew its position in shares of UWM by 12,000.0% during the third quarter. Newbridge Financial Services Group Inc. now owns 12,100 shares of the company’s stock valued at $59,000 after purchasing an additional 12,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of UWM by 1.8% during the third quarter. Bank of New York Mellon Corp now owns 846,758 shares of the company’s stock valued at $4,107,000 after purchasing an additional 14,623 shares in the last quarter. Strs Ohio grew its position in shares of UWM by 12.1% during the third quarter. Strs Ohio now owns 166,918 shares of the company’s stock valued at $809,000 after purchasing an additional 17,995 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in shares of UWM by 6.2% during the third quarter. 180 Wealth Advisors LLC now owns 46,515 shares of the company’s stock valued at $226,000 after purchasing an additional 2,732 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

UWM Stock Performance

UWM stock opened at $6.40 on Thursday. The company has a market capitalization of $604.86 million, a PE ratio of -33.68 and a beta of 1.60. The company has a 50 day moving average price of $6.64 and a 200-day moving average price of $6.27. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.86 and a current ratio of 1.86. UWM Holdings Co. has a fifty-two week low of $4.49 and a fifty-two week high of $7.75.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). The business had revenue of ($114.58) million for the quarter, compared to analysts’ expectations of $402.14 million. UWM had a net margin of 0.79% and a return on equity of 2.45%. As a group, equities analysts forecast that UWM Holdings Co. will post 0.3 earnings per share for the current year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s dividend payout ratio is currently -210.53%.

Analyst Ratings Changes

UWMC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on UWM in a research report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective for the company. Keefe, Bruyette & Woods upgraded UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.59.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.